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Nonprofit · EIN 81-0788458

CREDIT ABUSE RESISTANCE EDUCATION

Tax-exempt · ALEXANDRIA, VA 22314

Financials

$61K$61K2023$48K$25K2024
Revenue Expenses · by fiscal year end
Financials of CREDIT ABUSE RESISTANCE EDUCATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$48,327$24,879$23,448$205,805$5,292$200,513
December 31, 2023990-EZ$60,746$61,180-$434$183,059$7,628$175,431
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$48,311
Investment income
$16

Expenses

Compensation of officers, directors and key employees
$0
Professional fees and payments to contractors
$3,352
Printing, publications and postage
$10
Other expenses
$21,517
Program services (functional)
$6,756

Balance sheet and other

Total assets, start of year
$183,059
Total assets, end of year
$205,805
Total liabilities, end of year
$5,292
Net assets, end of year
$200,513
Cash, savings and investments
$205,805
Gross receipts
$48,327

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
DAN FISHERCHAIR3$0
TED KINGTREASURER3$0
PATRICK CLISHAMSECRETARY3$0
WILLIAM BARRETTBOARD MEMBER1$0
PAULA BERANBOARD MEMBER1$0
DAVID BIRDBOARD MEMBER1$0
JANE DOWNEYBOARD MEMBER1$0
DOUG FOLEYBOARD MEMBER1$0
ALLEN GUONBOARD MEMBER1$0
PAUL HAGEBOARD MEMBER1$0
HAROLD ISRAELBOARD MEMBER1$0
DANA KANEBOARD MEMBER1$0
990-EZ for the year ended December 31, 2023: 12 people
NameTitleHours / weekCompensation
DAN FISHERCHAIR3$0
TED KINGTREASURER3$0
PATRICK CLISHAMSECRETARY3$0
WILLIAM BARRETTBOARD MEMBER1$0
PAULA BERANBOARD MEMBER1$0
DAVID BIRDBOARD MEMBER1$0
JANE DOWNEYBOARD MEMBER1$0
DOUG FOLEYBOARD MEMBER1$0
ALLEN GUONBOARD MEMBER1$0
PAUL HAGEBOARD MEMBER1$0
HAROLD ISRAELBOARD MEMBER1$0
DANA KANEBOARD MEMBER1$0

Address and contacts

Address (IRS master file)
66 CANAL CENTER PLZ STE 600, ALEXANDRIA, VA 22314-1583
In care of
% KATHY SHEEHAN
Signed the 990-EZ
TED KING, TREASURER
Phone
(703) 894-5981
Return prepared by
GELMAN ROSENBERG & FREEDMAN

Mission

CARE'S MISSION IS TO EDUCATE INDIVIDUALS, WITH A FOCUS ON YOUNG ADULTS, ON RESPONSIBLE USE OF CREDIT AND THE FUNDAMENTALS OF FINANCIAL LITERACY, AS WELL AS THE POTENTIAL CONSEQUENCES OF POOR MONEY MANAGEMENT AND CREDIT ABUSE.

990-EZ for the year ended December 31, 2024

Program accomplishments

  • CARE IS A FREE FINANCIAL LITERACY INITIATIVE THAT MAKES EXPERIENCED MEMBERS OF THE BANKRUPTCY AND BUSINESS COMMUNITY AVAILABLE TO MAKE PRESENTATIONS ON BASIC FINANCIAL MANAGEMENT SKILLS TO HIGH SCHOOLS, COLLEGES AND OTHER GROUPS. THEY ARE MADE DURING INDIVIDUAL CLASSROOM PERIODS OR TO LARGER STUDENT GROUPS SUCH AS STUDENT ASSEMBLIES, EITHER IN PERSON OR VIRTUALLY. CARE'S PRIMARY TARGET IS HIGH SCHOOL SENIORS AND COLLEGE FRESHMEN THAT ARE MOST AT RISK BECAUSE THEY ARE DRIVEN BY HIGH COLLEGE COSTS TO INCUR UNSUSTAINABLE STUDENT LOAN DEBT AND MARKETED BY THE CREDIT CARD INDUSTRY AT A TIME WHEN THEY CARRY A VERY LOW FINANCIAL I.Q. CARE ALSO WORKS TO DEVELOP EDUCATIONAL MATERIALS ABOUT FINANCIAL LITERACY TO BE DISTRIBUTED TO THE PUBLIC, AS WELL AS DEVELOPING AND PROVIDING FINANCIAL LITERACY EDUCATION THROUGH ITS WEBSITE.
    Expenses $6,756

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
81-0788458
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2016
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$205,805
Income (IRS master file)
$48,327

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$48,327$24,879$205,805XML
990-EZDecember 2023$60,746$61,180$183,059XML
990-EZDecember 2022–––IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0788458).

Questions about CREDIT ABUSE RESISTANCE EDUCATION

What is the EIN of CREDIT ABUSE RESISTANCE EDUCATION?
The employer identification number (EIN) of CREDIT ABUSE RESISTANCE EDUCATION is 81-0788458.
Is CREDIT ABUSE RESISTANCE EDUCATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
Are donations to CREDIT ABUSE RESISTANCE EDUCATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CREDIT ABUSE RESISTANCE EDUCATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of CREDIT ABUSE RESISTANCE EDUCATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CREDIT ABUSE RESISTANCE EDUCATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of CREDIT ABUSE RESISTANCE EDUCATION?
The 990-EZ for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
How much revenue does CREDIT ABUSE RESISTANCE EDUCATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $48,327, expenses of $24,879 and total assets of $205,805 at year end.

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